Nepotism is the practice of showing favor to relatives in preference to other qualified persons in conferring such benefits as the awarding of contracts, granting of special prices, promotions to various ranks, etc.

Webster Dictionary Meaning

1. Nepotism
- Undue attachment to relations; favoritism shown to members of one's family; bestowal of patronage in consideration of relationship, rather than of merit or of legal claim.
Share it:  Cite

More from this Section

  • Life insurance policies
    Life insurance policies is the contracts that promise cash payments beneficiaries when ...
  • Straw Buyer
    Straw Buyer is somebody who purchases anything on someone else's behalf. He is hired whenever ...
  • Eurodollars
    Eurodollars is the U.S. dollars that are deposited in foreign banks outside the United ...
  • Performance Bond/Guarantee
    Performance Bond/Guarantee safeguard against the party to whom the commercial contract ...
  • Mortgage
    Mortgage is a loan from a financial institution or a creditor that allows someone to buy ...